S&P takes Sallie Mae rating off credit watch; outlook stable

SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services said late Tuesday it took its BBB-/A-3 counterparty credit rating on SLM Corp.
SLM, -1.83%
off a negative credit watch, and assigned the rating a stable outlook. The company, better known as Sallie Mae, was placed on CreditWatch Negative by S&P on Feb. 8. S&P said they would remove Sallie Mae from the negative watch when the company completed $31.3 billion in asset-backed commercial paper financing.

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